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Re: Gold mining stox...

By: atomicbob in ABGT | Recommend this post (0)
Fri, 10 Jun 11 10:06 PM | 94 view(s)
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Msg. 29967 of 30749
(This msg. is a reply to 29966 by DueDillinger)

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A bit of a short covering rally on the news that big banks need a smaller amount of recap....fixing to double down.




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The above is a reply to the following message:
Gold mining stox...
By: DueDillinger
in ABGT
Fri, 10 Jun 11 7:49 PM
Msg. 29966 of 30749

GDX and GDXJ are way too low considering the price of gold. GDX was trading at $53 when gold was in the low $1300 range. It should be trading near $100 now, but the gold stox are being stepped on.

Time to load the truck.

BTW, Bob. Ya can't go wrong on the short side of BAC.

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